Effect Of Pandemic On Global Economies And Human Conflicts Caused By It
-Harshal Anil Borse
-Harshal Anil Borse
The coronavirus pandemic has had a devastating impact on the world economy and created many conflicts between countries and peoples. The pandemic has caused a severe downturn in the global economy, with record unemployment in countries such as the United States and many businesses closing down. The World Bank estimates that the global economy could contract sharply due to the pandemic. This economic downturn leads to a drop in global demand for goods and services, resulting in reduced purchasing power in many countries. It will also lead to higher inflation and possibly a global recession. The pandemic has also led to some human conflict. With the world more connected than ever, it is difficult for countries to manage their own affairs without considering the impact on other countries. This has led to escalating tensions between countries, such as the US-China trade war, the Russia-Ukraine war, and the conflict between Taiwan and China. The pandemic has also fueled civil wars, sparking protests and unrest in many countries, especially those with high unemployment. The epidemic has had a profound impact on global governance. Governments around the world have had to respond quickly to the crisis, imposing measures ranging from travel restrictions to curfews, much to the dismay of most citizens. The measures have been praised as well as criticized, with some arguing the government is doing too little to protect its citizens and others arguing they are going too far. Overall, the pandemic has had a major impact on the global economy and triggered a series of human conflicts. It is clear that the world is still reeling from the shock of this crisis and it will take time for the world to fully recover. At the same time, it is important that governments continue to work together to mitigate the damage caused by the pandemic and protect their citizens.
This outbreak have caused human conflicts due to its effect on livelihoods. For example, when humans are infected with a virus, they lose their ability to work and earn money. This causes major hardships for entire families who were once financially stable due to their ability to work and it also affects mental health of particular person. We must improve healthcare systems so that people don't lose their jobs after being infected with a virus. We also need to find a way to make people financially stable after losing their ability to work through illness.
Due to the severe Covid 19 pandemic, global healthcare has dropped drastically. Some countries have reduced health care budgets as more people die from the virus. This is as countries scale back health and safety measures for businesses and citizens. As health workers are not paid, food production and quality decline, and food shortages ensue. This is how the global economy is negatively affected by the deadly spreading virus. We have learned a lot from past epidemics that have shaped our current healthcare system. We've also made major technological leaps that have saved countless lives in past outbreaks. Yet we forget everything we have learned from past epidemics when we allow them to do more harm than good. The upcoming pandemic could kill billions if we don't change our current approach - all because we haven't updated our approach to these devastating diseases!
www.bbc.com/news/business-51706225Â
https://www.brookings.edu/research/social-and-economic-impact-of-covid-19/